Bank of Nova Scotia Sells 24,275 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Bank of Nova Scotia reduced its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 51.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,165 shares of the scientific and technical instruments company’s stock after selling 24,275 shares during the period. Bank of Nova Scotia’s holdings in Keysight Technologies were worth $3,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KEYS. Sequoia Financial Advisors LLC grew its holdings in shares of Keysight Technologies by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company’s stock valued at $4,448,000 after purchasing an additional 2,260 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Keysight Technologies by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company’s stock worth $8,896,000 after buying an additional 1,755 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Keysight Technologies by 26.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company’s stock worth $3,018,000 after buying an additional 3,857 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Keysight Technologies by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company’s stock valued at $708,349,000 after acquiring an additional 17,213 shares during the last quarter. Finally, Portfolio Design Labs LLC boosted its holdings in shares of Keysight Technologies by 17.7% during the 4th quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after acquiring an additional 2,336 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on KEYS. Robert W. Baird increased their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. StockNews.com lowered shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $170.00 to $200.00 in a report on Monday, December 16th. Finally, Wells Fargo & Company raised their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.44.

Keysight Technologies Trading Up 0.0 %

Shares of KEYS stock opened at $133.43 on Friday. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The stock has a 50 day simple moving average of $157.85 and a two-hundred day simple moving average of $161.16. The company has a market cap of $23.06 billion, a P/E ratio of 38.12, a PEG ratio of 2.41 and a beta of 1.12.

Insider Transactions at Keysight Technologies

In other news, CFO Neil Dougherty sold 3,632 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the transaction, the chief financial officer now directly owns 115,063 shares of the company’s stock, valued at $17,834,765. This represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.61% of the company’s stock.

Keysight Technologies Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.